Report on TESCO: Collaborative Working and Business Factors Analysis

This report analyzes TESCO's business operations, focusing on collaborative working practices and both internal and external factors impacting its performance. The report examines the importance of collaborative practices, such as enhanced learning projects, and how they contribute to innovation within the company. It also delves into external factors like competition and the environment, and their effects on TESCO's business. Furthermore, the report explores internal factors, including corporate culture and technology, and their influence on the company. The conclusion emphasizes the significance of marketing, human resources, and finance departments in achieving TESCO's objectives, highlighting the benefits of effective financial management and collaborative efforts. The report aims to provide a comprehensive overview of TESCO's business strategies and the factors that shape its success.

INTRODUCTION TO BUSINESS
STUDIES

TABLE OF CONTENT
 Introduction
 Collaborative working practices
 External factors that impact business
 Internal factors that impact business
 Conclusion
 References

INTRODUCTION
Business studies are considered as the essential components which assist
entity to acknowledge the requirements of marketplace as well as its
customers. Moreover, this is vital for all business is to conduct
respective functions for assuring that they may effectively accomplish
their audiences’ requirements. For this, report the undertaken company
is TESCO, it is one of the renowned retailers and having headquarters
is in Hertfordshire, England, United Kingdom. The topics which are
going to be discussed in this presentation is collaborative work
practices and factors that impact business.

COLLABORATIVE WORKING
PRACTICES
Collaborative working and partnership are incorporated for assuring
that two and above entity are performing in successful way. In
addition to this, it is also successfully undertaking several informal
networks and alliance, full merger or joint delivery. In addition to
this, within entity the collaborative working practices plays crucial
role as into this two or above individuals perform together those
outcomes in simple attainment of objectives in effective way.

CONTINUE….
Along with this, there are various essential collaborative working
practices that are discussed below in respect of TESCO:
 Enhanced learning projects
 It assists in enhancing innovation

EXTERNAL FACTORS THAT
IMPACT BUSINESS
There are various external factors that have affects upon business
performance. Although the business perform their business in
changing world as well as that incorporates external factors which
has favourable as well as unfavourable affects upon TESCO’s
performance. Some of the factors are discussed below:
 Competition
 Environment

INTERNAL FACTORS THAT
IMPACT BUSINESS
Internal factors have influences upon entity’s practices in both
ways positively as well as negatively. Along with this, the key
internal factors are organisational culture, technology, staffing
and many others. Descriptions related to theses are discussed
below in respect of TESCO:
 Corporate culture
 Technology

CONCLUSION
As per the above report, this has been concluded that, the marketing,
human resource and finance department plays essential role within
entity as this assures that overall intents as well as objectives are
accomplished effectively and efficiently. In addition to this, the key
benefits of finance function within business are that this aids them
to develop funds as well as manage them for substantial
development. Along with this, the collaborative working assists
business to attain overall objectives with assistance of various staff
members.

REFERENCES
 Aagaard, A., 2016. Sustainable business: Integrating CSR in
business and functions. Stylus Publishing, LLC.
 Chi, T. and et. al., 2019. Real options theory in international
business. Journal of International Business Studies, 50(4),
pp.525-553

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